TPK Holding Co (宸鴻), a major supplier of touch modules for Apple Inc’s iPhone smartphones and iPad tablet computers, yesterday joined rival Wintek Corp (勝華) in reporting record sales for last month and last quarter amid rising demand.
Consolidated sales last month rose 19.2 percent month-on-month and 78.3 percent year-on-year to NT$17.76 billion (US$587 million), TPK said in a statement.
Last month’s sales were up for the fourth consecutive month since September. As a result, revenue in the fourth quarter of last year totaled NT$45.48 billion, up 13.6 percent quarter-on-quarter and 69.7 percent higher than a year earlier, the statement said.
The numbers were better than TPK’s and analysts’ projections. The firm had said revenue in the fourth quarter would increase by up to 5 percent sequentially amid a cautious outlook for the year-end holiday season.
Last quarter’s performance also beat the 5 to 7 percent quarterly growth forecast by Credit Suisse analyst Jerry Su (蘇厚合) in a note issued on Tuesday.
TPK did not elaborate on its strong performance last quarter nor provide a sales guidance for this quarter, which Su said was likely to fall by double digits quarter-on-quarter owing to a high fourth-quarter base and the seasonal effect.
For the whole of last year, TPK said consolidated sales reached NT$143.37 billion, up 140.6 percent from a year ago.
On Monday, smaller rival Wintek reported record consolidated sales of NT$10.56 billion last month, pushing its full-year consolidated sales to NT$93.77 billion, up 44.64 percent from 2010.